Avenue Supermarts Ltd Share Price (DMART)

Avenue Supermarts Eyes Acquisition of 24Seven Convenience Chain - 17 Apr, 2024

Avenue Supermarts, operator of DMart stores, is reportedly in talks to potentially acquire the loss-making 24Seven convenience chain. Meanwhile, a report suggests that DMart's growth may be slightly impacted by the shift towards quick-commerce for grocery and FMCG purchases.

DMart's Q4 Revenue Jumps 20% - 11 Apr, 2024

Avenue Supermarts' subsidiary DMart reported a 20% YoY increase in Q4FY24 revenue to Rs 12,393.46 crore, driven by store additions and private brand expansion. Experts predict that private brands could contribute up to 20-25% of revenue in the coming years.

Avenue Supermarts Shares Hit 52-Week High After New Store Opening - 10 Apr, 2024

Shares of Avenue Supermarts rose to a 52-week high after the company opened a new store in Bengaluru, taking the total number of stores to 366. The company's Q4 standalone revenue was reported at Rs 12,393 crore, surpassing previous growth rates and driven by same-store sales growth. Analysts from CLSA and Morgan Stanley have assigned buy ratings with target prices ranging from Rs 4,695 to Rs 5,514.

Avenue Supermarts Ltd's ROE and Financial Health Studied - 06 Apr, 2024

Avenue Supermarts' impressive performance has led to a study of its financial indicators, with a focus on return on equity (ROE), earnings growth, and reinvestment of profits.

Avenue Supermarts Valuation Crosses Rs 3 Lakh Crore-Mark on Strong Q4 Results - 05 Apr, 2024

Shares of Avenue Supermarts surged after the company posted a rise of up to 20% in its standalone revenue from operations for the March quarter. The stock gained 12% in three straight sessions and crossed the Rs 3 lakh crore-mark in market valuation.

DMart Shares Surge on Strong Q4 Results - 04 Apr, 2024

Avenue Supermarts Ltd., which operates DMart stores, reported a 20% YoY increase in standalone revenue for Q4 FY24, leading to a surge of over 5% in its share price and crossing the Rs.3 lakh crore market cap mark. Global brokerage firm CLSA initiated coverage with a buy rating and target price of Rs.5,107 per share.

CLSA Upgrades Avenue Supermarts Stock Twice; Reports Strong Q4FY24 Revenue Growth - 03 Apr, 2024

Foreign equity brokerage CLSA has upgraded the stocks of Avenue Supermarts Limited twice in a week, reaffirming its buy call with a target price of Rs 5,514. The company also reported strong Q4FY24 revenue growth, estimating a 19.8% increase to Rs 12,393.5 crore YoY. DMart added 24 stores in Q4 FY24, taking its total store count to 365.

CLSA Raises Target Price for Avenue Supermarts - 02 Apr, 2024

Hong Kong-based brokerage CLSA has raised the target price of Avenue Supermarts Ltd. to Rs 5,514 from Rs 5,307 while maintaining a buy rating. The increase comes after the supermarket chain operator added an all-time high of 21 stores in the March quarter, which should help alleviate investor concerns. The addition is expected to enhance product mix and lead to an improvement in gross margin. Investors are expected to shift focus towards the quarterly sales data.

New Store Openings and Change in Leadership at Avenue Supermarts - 01 Apr, 2024

Avenue Supermarts has opened three new stores in Pune, Bengaluru, and Nashik, taking its total store count to 365. Former SEBI chief Chandrashekhar Bhave has replaced Ramesh Damani as Chairman of the company.

CLSA Raises Target Price for Avenue Supermarts - 28 Mar, 2024

Avenue Supermarts' stock rose over 2% as CLSA raised its target price to Rs 5,307 and maintained a buy rating due to the company's expansion push and store additions exceeding expectations. Analysts believe that rising inflation in palm oil and crude will give the company flexibility to adjust pricing strategies in FY25.

DMart Shares Recovered 36% From 52-Week Low - 27 Mar, 2024

DMart (Avenue Supermarts) shares have recovered significantly from their 52-week low, currently experiencing a strong bullish trend with potential for further gains. The company has also opened three new stores, bringing its total number of stores to 357.

DMart Shares Rise on Bullish Ratings by ICICI Securities and CLSA - 26 Mar, 2024

Avenue Supermarts' stock rises as international brokerage firm CLSA initiates coverage with a buy rating and target price of Rs 5,107. Domestic brokerage ICICI Securities also raises the stock's rating to add from hold and increases its target price to Rs 4,800 per share. Both brokerages cite attractive valuations, limited downside business risk, consistent revenue growth, and healthy profit margins as reasons for their bullish stance.

DMart (Avenue Supermarts) Stock Rises on Low Operating Costs and Market Share Gain - 25 Mar, 2024

Discount retailer DMart's stock has risen over 11% in the last month due to its low operating costs, which enable it to offer the lowest prices to consumers. This virtuous feedback loop has helped DMart gain market share in a sector dominated by unorganised stores.

CLSA Initiates Coverage on DMart with Buy Rating - 22 Mar, 2024

Avenue Supermarts' stock jumps to a fresh 52-week high as CLSA initiates coverage with a Buy rating and target price of Rs 5,107 per share. The company's Q3FY24 revenue grew by 17.2%, and the stock surged 7% in three days.

CLSA Initiates Buy Rating on Avenue Supermarts Stock - 21 Mar, 2024

Brokerage firm CLSA has initiated a buy rating on Avenue Supermarts Ltd with a target of Rs 5,107 per share. The company's private labels are expected to drive the next phase of share gains. With an addressable market exceeding Rs 50,000 crore, less than 5 percent of which is organised, D-Mart offers the lowest consumer prices due to its efficient operating model. In Q3 FY23-24, consolidated net profit rose by 17.09%, while revenue from operations climbed by 17.31%. Shares jumped to a 52-week high of Rs 4,238.

Former SEBI Chief Named Chairman of Avenue Supermarts - 19 Mar, 2024

Chandrashekhar B. Bhave has been named as the new chairman of Avenue Supermarts, parent company of DMart retail chain. Shares of Avenue Supermarts were trading 0.58% higher compared to a 0.8% decline in the benchmark Nifty 50.